In a welcome move, Equity Residential saw its Relative Strength Rating improve from 66 to 71 on Wednesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of over 80 as they launch their largest climbs. See if Equity Residential can continue to show renewed price strength and clear that threshold.
Equity Residential is trying to complete a consolidation with a 78.32 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
While earnings-per-share growth decreased in the company's most recent performance report from 2% to 0%, the top line rose 5%, up from 3% in the previous report. Keep an eye out for the company's next round of numbers on or around Apr. 29.
The company earns the No. 41 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Invitation Homes and Ventas are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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